The New Nissan Z Prototype Will Debut on September 15

Welcome to The Grid, R&T’s quick roundup of the auto industry and motorsports news you should know this morning.

a screenshot of a cell phone: Plus, Tesla plans to raise an additional $5 billion, and Formula 1 investigating wheel tether failures.

© Nissan – YouTube
Plus, Tesla plans to raise an additional $5 billion, and Formula 1 investigating wheel tether failures.

New Nissan Z “Proto” to Debut September 15th

As part of its comeback plan, Nissan is looking to boost profits and reclaim some of its old soul. The thing that has enthusiasts most excited is the new Z, which is set to replace the charming, but aging 370Z. Today, Nissan announced that it’ll show off the new Z “Proto” on September 15th at 8:30 PM Eastern, and we can’t wait. Nissan hasn’t confirmed much about the new Z, but teaser images released show its looks will hark back to the original 240Z, and it’s likely to share its rear-wheel drive platform with Infiniti. Power will probably come from a 3.0-liter twin-turbo V-6, so not only is this a return of the Z, it’s a return of the Turbo Z. Read up on everything we know about the new Z here, and get hype by watching the twin turbos kick in.

Tesla Plans to Raise $5 Billion After Stock Split

Yesterday, Tesla put a 5-for-1 stock split into effect, sending the value of the company even higher and making Elon Musk even richer than Facebook CEO Mark Zuckerberg. Reuters (via Automotive News) reports that the EV maker plans on raising an additional $5 billion with a new stock offering. Tesla shares rose 3 percent following the company’s SEC filing today.

Formula 1 Investigating Wheel Tether Failures

Alfa Romeo driver Antonio Giovinazzi and Williams’ George Russell were involved in a scary crash at the Belgian Grand Prix. Giovinazzi lost control of his car, and hit a wall, which sent one of his wheels flying towards Russell’s Williams. That’s not supposed to happen. Modern Formula 1 cars have ultra-strong wheel tethers with redundancies to prevent wheels coming loose, but this incident marked the second time the tethers have failed during this season. Autosport reports that F1 is investigating the failures, as loose wheels are one of the most dangerous things in the sport. Russell was understandably thankful for the Halo cockpit protection device.

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